Politics

North Carolina is No. 1 state for business, CNBC says

Gov. Roy Cooper speaks to CBNC about North Carolina's ranking as the No. 1 state for business.

By Lightning Reports, Published: July 14, 2022

CNBC has named North Carolina as America’s Top State for Business in 2022.

On Wednesday morning, Gov. Roy Cooper joined CNBC’s Scott Cohn at the Oceanic restaurant at the Crystal Pier in Wrightsville Beach for a live broadcast where the winner was revealed.
“North Carolina is the best place in America to do business and the main reason is our people,” Cooper said in a news release. “This is a great honor, and we’re going to continue to work with our state legislature, businesses, education leaders and employees to build the talented workforce and resilient infrastructure needed to support the high paying jobs of the next generation.”
“North Carolina is proud of its economic success that continues to garner national recognition like being CNBC’s Best State for Business,” North Carolina Commerce Secretary Machelle Baker Sanders said. “Last year, we announced more than 24,000 new jobs and investments exceeding $10.1 billion from future-focused companies in fields like biotechnology, computers, and electric vehicles. There are many factors for our success, including our central East Coast location, premier quality of life and low cost of business, but our greatest asset is our diverse and highly-skilled workforce that is supported by our top-rated education system. We will continue to focus on creative partnerships for talent development as we evolve to meet the demands of existing, new, and future employers like Apple, Toyota, and FUJIFILM that call North Carolina home.”
“To say North Carolina had a record year in 2021 would be an understatement,” said Gene McLaurin, board chair of the Economic Development Partnership of North Carolina. “Our economic development successes would not have been possible without collaboration between Governor Cooper, the North Carolina General Assembly, the North Carolina Department of Commerce, the EDPNC, and other public and private partnerships. Because of that collaboration, we have been able to create an award-winning business climate that the biggest companies in the world want to experience and use for their own successes, as well as for the successes of North Carolinians.”
The CNBC study looks at 88 metrics in 10 categories of competitiveness. North Carolina ranked highly in the Economy, Access to Capital and Technology and Innovation categories. North Carolina has placed in the top 5 three times since 2017.
Since Cooper took office in 2017, North Carolina has announced more than 95,000 jobs including announcements from companies like Apple, Vinfast, Toyota and Centene Corp. The historic recruitment success in both rural and urban parts of North Carolina continues to add value to the manufacturing and clean energy industries already thriving here, the governor's office said.
Cooper has been focused on developing and training a strong workforce. In May 2021, Cooper launched the Longleaf Commitment Community College Grants Program that ensures that recent high school graduates from low- and middle-income families will receive at least $2,800 in federal and state grants to cover tuition and most fees at any of the state’s 58 community colleges. In July 2018, he announced the Finish Line Grants Program to help community college students who face unforeseen financial emergencies complete their training.
In October 2021, Cooper launched the North Carolina Child Care Stabilization Grants, a $805 million investment in the state’s early care and learning child care programs. These funds helped child care centers with recruitment and retention and help parents get back to work.